COE prices up sharply, breach S$90k again

Certificate of entitlement (COE) prices rose across the board in the bidding exercise on Wednesday from the previous round two weeks ago . The premium for cars 1600cc and below closed at $68,656, a sharp increase of $9,235 from $59,421 in the previous bidding on 4 July. Cars above 1600cc registered the second highest increase in premiums of this exercise to $90,501, a difference of $8,212 from the previous $82,289. The COE price for commercial vehicles rose slightly to $55,805 from the previous premium of $55,556. In the open category, the COE price rose $5,701 to $92,700 as compared to $86,999 previously. The COE price for motorcycles also went up to $1,859 from $1,760 previously. The COE price for the over 1600cc category last breached the S$90k mark in early May, hitting a record high of S$92,050. The open category's previous highest COE price was in April, when it reac...